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Jan 15, 2013
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ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fu
ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the...
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Jan 13, 2013
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and we will face them again with the debt ceiling debate i'm sure, and then all of those problems and you will see the concerns and the stock will sell off, but the longer term cyclical story for the company is positive. 50% of the operating costs for an airline is now fuel costs up from 25% as many years ago and that obviously means that the way for them to resolve that is newer and more efficient aircraft. this is efficient aircraft and the way of the future, and all we need to do is to see them continue to keep their production up. ten a month is what we are looking for by the end of the year by boeing, a we and we are not seeing cancellations, and airlines are not taking them out of the sky. new aircraft has had these problems and we saw them with the a-80 and those were structural issues with the wing, and that is what would give you reservations about getting on a plane, and that would be it. but they will resolve the problems and this is a pullback to buy the stock. >> and mike is bullish and using a risk reversal, and let's crack open the playbook to see how it works. this is
and we will face them again with the debt ceiling debate i'm sure, and then all of those problems and you will see the concerns and the stock will sell off, but the longer term cyclical story for the company is positive. 50% of the operating costs for an airline is now fuel costs up from 25% as many years ago and that obviously means that the way for them to resolve that is newer and more efficient aircraft. this is efficient aircraft and the way of the future, and all we need to do is to see...
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Jan 16, 2013
01/13
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i think we should, we should extend be not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration, and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying. b and then move on to a serious discussion of tax reform. and entitlement issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part and the debt ceiling, in the next six weeks and then move on. those who are saying let's do it dribble by dribble, they're the ones who would be undermining the effort to sit down and have a serious discussion of tax reform in the entitlements. >> we've got about two minutes left. francine. >> specific question about, um, itemized deductions. what's your thought on having a cap on itemized deductions but people can use it for whatever they want? they can use it for mortgage or charitable or whatever. >> i think the problem with a cap is that it has too serious a consequence especially for charitable contribu
i think we should, we should extend be not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration, and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying. b and then move on to a serious discussion of tax reform. and entitlement issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part and the debt ceiling, in the next six weeks...
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Jan 16, 2013
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. >> even though we have been through this with the debt ceiling issue, what exactly would happen if congress did got raised the debt ceiling in what makes it a dangerous option of? >> our credit rating would go down and how would we pay the bills? how would we pay social security? how would be paid veterans? >> there is no money? >> the republicans say pick and choose. so let's have a vote. who do we pack? -- pick? the president was right to say, in my judgment, to the republicans, don't do it. you are playing with fire. >> why? why are we playing with fire? what would happen? >> those are two different questions. the republicans have an idea. we have been through this with a credit rating. they know what would happen so they say pick and choose. the president made clear we're not talking about future expenses but paying for what congress has voted. pick and choose is something at this point* is theoretical but will become very real without spelling out. you will not pay soldiers or send out social security checks are paid defense contractors? that is what is involved. >> of democra
. >> even though we have been through this with the debt ceiling issue, what exactly would happen if congress did got raised the debt ceiling in what makes it a dangerous option of? >> our credit rating would go down and how would we pay the bills? how would we pay social security? how would be paid veterans? >> there is no money? >> the republicans say pick and choose. so let's have a vote. who do we pack? -- pick? the president was right to say, in my judgment, to the...
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Jan 15, 2013
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it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it is not as concerning as it was when you raised the term initially? >> as i said, the fiscal cliff, if allowed to take place, would have probably created a recession this year. a good bit of that has been addressed. nevertheless, we still have a fairly restrictive set of fiscal policies now. it is estimated that federal fiscal policy will contract from real gdp growth something on the order of 1% to 1.5% this year, a si
it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a...
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Jan 17, 2013
01/13
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how would it be impact full on people's portfolios if there is not a debt ceiling bill? >> i think what is going to happen is that i think investors are actually being very pragmatic about how they are addressing the issues in washington. investors are incredibly adaptive creatures. so what you're seeing is investors right now, okay. rather than looking for the big deal, let's clear these turtles. liz: come home like they're missing the rally. >> but they are starting to see levels of engagement. the notion that everyone is on the sidelines is misplaced. plenty of cash, zero people are selectively engaging. we are trying to get people to engage in a thoughtful way in areas where we think the risk/reward clearly favors you. liz: the people feel that 40 percent of significantly better than one year ago. 56 percent get about their financial situation. inching higher. they are not doing much with it to make the money to capitalize. if you were to advise people watching right now about the fear that drenches them at night or is that they will get bank again $ 2009 to march a
how would it be impact full on people's portfolios if there is not a debt ceiling bill? >> i think what is going to happen is that i think investors are actually being very pragmatic about how they are addressing the issues in washington. investors are incredibly adaptive creatures. so what you're seeing is investors right now, okay. rather than looking for the big deal, let's clear these turtles. liz: come home like they're missing the rally. >> but they are starting to see levels...
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Jan 14, 2013
01/13
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melissa: he keeps bringing this argument on the debt ceiling i think is so false how we racked up the bills and how we're now trying to say we don't want to pay them. who would possibly issue you more credit when you haven't put forward a plan how you're going to spend within your means within the future? american dress will not raise your limit when you can't pay it simply because you want more credit? you need to have a workout plan to deal with your debt before someone will loan you more money. >> i love this nonsense that he is spewing about being, we're not a deadbeat nation. thank you, mr. president. god we're so thrilled to have your blessing on that reality. that kind of nonsenseal talk, nonsenseal, not common senseal talk, is really the stuff that doesn't belong in a white house. it doesn't belong in the discussion. we are a debtor nation. we have been a debtor nation for quite some time. the issue is how to change it. i love the capricious way, if the problem were just about reducing deficits. mr. president, that is exactly what it is about. it is about cutting spending. it
melissa: he keeps bringing this argument on the debt ceiling i think is so false how we racked up the bills and how we're now trying to say we don't want to pay them. who would possibly issue you more credit when you haven't put forward a plan how you're going to spend within your means within the future? american dress will not raise your limit when you can't pay it simply because you want more credit? you need to have a workout plan to deal with your debt before someone will loan you more...
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Jan 16, 2013
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i think we should extend if not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to serious discussion of tax reform and entitlement issues. so i see it in a sense the opposite way. i say let it is done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are you saying let's do a triple by drivel, they are the ones who would be undermining the effort to sit down and had a serious discussion of tax reform. >> we have about two minutes left. francine. >> the question itemized reductions. what is your thought of having a cap and itemized deductions that people use for whatever they want. mortgage or a charity or whatever. >> i think the problem with a cat is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come fr
i think we should extend if not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to serious discussion of tax reform and entitlement issues. so i see it in a sense the opposite way. i say let it is done, the sequestration part in the debt ceiling in the next six weeks and then move on. those...
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Jan 16, 2013
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should we use the debt ceiling. should we not use the debt ceiling and to punt on these issues. if one members of congress are back here working and two, they were working on fixing problems we know exist. our deficits are too large. we're borrowing too much. they could actually put in place a plan that would gradually deal with these problems. you lift the debt ceiling because you have resolved what is standing in the way. must be a smarter way to approach this. tracy: i get what you're saying. you need some sort of litmus and some sort of bar. but at the same time the markets moved on from this. if they were that concerned we would be down more than 20 points today. we still have a pretty darn good credit rating even though moody's keeps threatening to drop it. they threatened before. if we were in such dire straits, i think you would be feeling it in other places and really aside from us blow harding about it on the news all the time. i'm not sure anybody cares. >> well, that is a great point. markets are reading a lot of different tea leaves and have a lot of different conce
should we use the debt ceiling. should we not use the debt ceiling and to punt on these issues. if one members of congress are back here working and two, they were working on fixing problems we know exist. our deficits are too large. we're borrowing too much. they could actually put in place a plan that would gradually deal with these problems. you lift the debt ceiling because you have resolved what is standing in the way. must be a smarter way to approach this. tracy: i get what you're...
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but lawmakers have been occupied with the fiscal cliff, the debt ceiling, and other pressing issues. and finally radio shack is ending its mobile phone partnership with target. the venture has been unprofitable and radio shack has been unable to negotiate more favorable terms. >>> as you know, the house is set to vote today on a $51 billion superstorm sandy package that has already turned in to a bitter battle over spending. joining us now is congressman frank pallone, who represents the sixth district of new jersey, one of the hardest-hit areas of the jersey shore during the late october storm. and congressman, thank you for being here. this was a late october storm. we are now in january. this is still going back and forth. what's happened? >> well, unfortunately, the package was delayed. it was passed in the senate just before new year's, but then the house speaker refused to take it up, and you know, we were very critical of that, because the bill could have been passed in the house and become law with the president's signature and we'd be in the rebuilding process for the jersey
but lawmakers have been occupied with the fiscal cliff, the debt ceiling, and other pressing issues. and finally radio shack is ending its mobile phone partnership with target. the venture has been unprofitable and radio shack has been unable to negotiate more favorable terms. >>> as you know, the house is set to vote today on a $51 billion superstorm sandy package that has already turned in to a bitter battle over spending. joining us now is congressman frank pallone, who represents...
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Jan 19, 2013
01/13
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i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was
i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not...
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Jan 18, 2013
01/13
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the reports show lingering concern over remaining fiscal issues like the debt ceiling. venture capitalist tightened their belts last year. according to the money street study startup investment fell. taking out more money than you have to the next time you're at the atm will soon be a thing of the past. at least for some customers. that is the latest from the fox business network. giving you the power to prosper. ♪ [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. ♪ dagen: research in motion looking to win big with the release of its new blackberry ten did the smart phone will be unveiled later this month. connell: we will see what happens. paying developers big bucks and apparently everything else. sandra: skeptical. investors are not so skeptical. the s
the reports show lingering concern over remaining fiscal issues like the debt ceiling. venture capitalist tightened their belts last year. according to the money street study startup investment fell. taking out more money than you have to the next time you're at the atm will soon be a thing of the past. at least for some customers. that is the latest from the fox business network. giving you the power to prosper. ♪ [ male announcer ] where do you turn for legal matters? maybe you want to...
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Jan 18, 2013
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. >> even though we've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say, in my judgment, to the republicans, don't do it, you're playing with fire. >> i don't understand that, i guess. >> why what? >> why are they playing with fire? what would happen? >> those are two different questions. i think the republicans have some idea of what would happen. we've been through this with the credit rating. i think the sense is they know what would happen until they say let's pick and choose. by the way, they have not said which they would pick and which would be left, and the president made clear we're not talking abo
. >> even though we've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would...
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Jan 14, 2013
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not careening from a debt ceiling debacle to a fiscal cliff to some other issue with tax credits that expire every few months and all that kind of stuff so i think somehow the government as a whole has to come together in order to give business the confidence it needs. >> the single most important cost that we need to get under control is health care. which now takes up 17% of gdp and still rises much faster than inflation every year. peter or zag ran president obama's office of management and budget in the first term. he says obama care moves us away from a bad model where doctors and hospital haves a financial incentive to sell you lots of services. getting health care costs down is absolutely fundament al to te long-term fiscal health of the country. >> i think there's several things. i would point to moving much more aggressively away from fever service, even more rapidly. we don't need to wait until 2020. in addition i think the big gap that remains is medical malpractice reform and what i would favor is a safe harbor to a doctor. if you can show you're following an evidence-base
not careening from a debt ceiling debacle to a fiscal cliff to some other issue with tax credits that expire every few months and all that kind of stuff so i think somehow the government as a whole has to come together in order to give business the confidence it needs. >> the single most important cost that we need to get under control is health care. which now takes up 17% of gdp and still rises much faster than inflation every year. peter or zag ran president obama's office of...
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Jan 15, 2013
01/13
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, an
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan...
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Jan 18, 2013
01/13
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to have a hard time with the debt ceiling. that 27 could go to 12. >> there is usually somewhere lower to go. thank you very much, john avalon. >>> all right, well "outfront" next, we are learning new details about the american hostages in algeria. the family of one hostage spoke with cnn's david mattingly today. he's been chasing that down and he is going to be "outfront" in a moment. and more trouble for boeing. the electric problem of the dreamliner leading more countries to ground planes from america's biggest company. about health care...se i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive
to have a hard time with the debt ceiling. that 27 could go to 12. >> there is usually somewhere lower to go. thank you very much, john avalon. >>> all right, well "outfront" next, we are learning new details about the american hostages in algeria. the family of one hostage spoke with cnn's david mattingly today. he's been chasing that down and he is going to be "outfront" in a moment. and more trouble for boeing. the electric problem of the dreamliner leading...
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Jan 15, 2013
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how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you, martin. let's check in on how wall street finished today's trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. that's it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaura
how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you,...
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Jan 17, 2013
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uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. we've gotten through two big bad events, only one more station on the gauntlet. it simply isn't as scary or as meaningful as the other two when it comes to the stock market or new business formation. sorry, it won't sell as many parents, it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad event is passed, the risk of responding floods in. now we're about to finish the third leg of this political steeplechase, and we will be given a level of certainty we haven't had in ages. you want to wait for those people to come in? it could be investing nirvana, a guy in brooklyn, cramer, smart guy. you scared us with the election, you scared us with the fiscal cliff and now scaring us with the debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying that all three of threes iss
uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. we've gotten through two big bad events, only one more station on the gauntlet. it simply isn't as scary or as meaningful as the other two when it comes to the stock market or new business formation. sorry, it won't sell as many parents, it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad...
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Jan 16, 2013
01/13
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the debt ceiling issue should become a partisan issue. i appeal to the republicans to realize they should not place us in that kind of jeopardy. there will be hearing. we will work on witnesses today. i hope we will be resolving who the witnesses will be. i think there'll be concentration as to who they pick and our choice, one witness out of four. host: might it be secretary geithner? guest: no. host: tony. hi, tony. caller: good morning. guest: where is olive branch? i have been across the bridge there. caller: the talk about congress and everybody is looking at discretionary spending. we're finding the black rhino but we cannot take care of grandma. otherbuilding mosques foreign countries. people have to worry about being on the street and being homeless. we send money to countries to improve their water systems. thinking about the pipes in china. money out of this country. he talked about people spending money and avoiding taxes. host: we will get a response. guest: i do not know the last figure. we do have foreign assistance. it is a
the debt ceiling issue should become a partisan issue. i appeal to the republicans to realize they should not place us in that kind of jeopardy. there will be hearing. we will work on witnesses today. i hope we will be resolving who the witnesses will be. i think there'll be concentration as to who they pick and our choice, one witness out of four. host: might it be secretary geithner? guest: no. host: tony. hi, tony. caller: good morning. guest: where is olive branch? i have been across the...
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Jan 18, 2013
01/13
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like the debt ceiling is weighing on the mind of consumers. that is the latest from the fox business network, giving you the power to prosper ashley: research in motion looking to win big with the release of its new blackberry 10. the smart phone being unveiled later this month. and there is news out today that the tech company's stock is getting an upgrade. shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries today upgrading the stock saying they believe the e-mail and bbm messenger service will be licensed to the iphone as well as to android phones that is licensing revenues for research in motion which it needs. also getting some apps out there and early traction with enterprise customers signing onto this. that is news lifting it higher today, all around up 98%, almost doubled in the last three months. ashley: so are the gains real? this of course has been a favorite of. >> this is interesting. we're starting to uncover this a little bit. short interest has been tre
like the debt ceiling is weighing on the mind of consumers. that is the latest from the fox business network, giving you the power to prosper ashley: research in motion looking to win big with the release of its new blackberry 10. the smart phone being unveiled later this month. and there is news out today that the tech company's stock is getting an upgrade. shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries...
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Jan 14, 2013
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we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman with a look at some of the other stories ahead this morning. >>> we'll be talking about the golden globes. ben affleck didn't get nominated for an oscar, but his surprise win at the globes may be vindication. we'll have that, the other surprises, and the big snubs in a live report. >>> he's known for his role on "breaking bad," but actor steven michael casada has a new role to play, local school board member. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can tra
we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman...
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Jan 14, 2013
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been up there, the 14th amendment just this morning one of the house democratic leaders jim clyburn asked you to use the 14th amendment and even said sometimes that's what it takes, he brought up the emancipation proclamation, saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. are you considering a plan "b"? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this. congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year. and i'm happy to a
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been up there, the 14th amendment just this morning one of the house democratic leaders jim clyburn asked you to use the 14th amendment and even said sometimes that's what it takes, he brought up the emancipation proclamation, saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. are you considering a plan "b"? and...
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Jan 17, 2013
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the debt ceiling, of course sometime next month there are also dealing with government funding running out in march and some other issues like the sequestered. republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided on that strategy. this is just the house republican strategy. it would then have to keep an over to the senate and agree with senate democrats and the white house. for republicans they say this is all about structural spending changes. >> i think it is very clear at this is not just the notion of paying back past dues for the united states but also making sure that the dead obama administration wants to continue to incur is restrained. >> reporter: republican leaders continue to meet with members discussing a number of different ways to deal with the debt ceiling, short-term mr. -- short term. a
the debt ceiling, of course sometime next month there are also dealing with government funding running out in march and some other issues like the sequestered. republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided...
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Jan 17, 2013
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without going into all of the different ramifications i want to say a word about the debt ceiling which is not everybody understands what it's about. the debt ceiling which congress has to do periodically as gives the government money to pay its existing bills. it doesn't create new spending so it's like a family trying to improve its credit rating not the most effective way to improve the credit rating and was the slow solution to the debt ceiling in august of 2011 that of the u.s. downgraded last time brough so it's very important that congress take the necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. estimate the number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mentioned is certainly went part way that leaves a number of issues still on the table and additional negotiations are learning to read what you characterize that as a class that is facing us or do you think that it's not as concerning as it was when you raised that term initially? >> as i said the fis
without going into all of the different ramifications i want to say a word about the debt ceiling which is not everybody understands what it's about. the debt ceiling which congress has to do periodically as gives the government money to pay its existing bills. it doesn't create new spending so it's like a family trying to improve its credit rating not the most effective way to improve the credit rating and was the slow solution to the debt ceiling in august of 2011 that of the u.s. downgraded...
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Jan 14, 2013
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and so you have this fight over the debt ceiling, but it is about bigger issues. the debt ceiling has nothing to do with immigration reform, nothing to do with the proposals on gun control, nothing to do with anything else the president might want to do in his second term, but guess what, it does affect the climate in washington. and the fact that he does not have a more trusting, even a private back channel relationship with the key republican leaders is one of the -- one of the reasons and they had responsibility too, i'm not putting it all on the president it a washington crisis if you will, a trust deficit. it is one of the reasons -- >> mitch mcconnell talking. >> so you have to have the vice president go to the senate republican leader, two guys -- they're not best of friends. trust me. i know them both. they're not best of friends. they do trust each other. mitch mcconnell knows if joe biden gives him his word, it is good. we need more of that in washington, not less. >> let me ask you, since i have you, something else the president mentioned, asked, of cou
and so you have this fight over the debt ceiling, but it is about bigger issues. the debt ceiling has nothing to do with immigration reform, nothing to do with the proposals on gun control, nothing to do with anything else the president might want to do in his second term, but guess what, it does affect the climate in washington. and the fact that he does not have a more trusting, even a private back channel relationship with the key republican leaders is one of the -- one of the reasons and...
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Jan 15, 2013
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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Jan 18, 2013
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that of course is bumping against and going through the debt ceiling. you know, when the president had his press conference discussing this i always like a good food analogy. his analogy was of course by not raising the debt ceiling we're not paying for the food we've eaten. basically at this big dinner we're at. i like it. let me give it a little slant my style. that is, it's not really a restaurant but an all you can eat buffet. there is no bill coming. the senate and house haven't passed a budget together in years. we have a revolving credit, a tab at this all you can eat buffet and nobody wants to get up. it is not like there is a clock where boom. here is your bill. we'll start the next 24 hours like your charting machines. nobody is ever getting up. it's just a meal that never ends. so how do you in essence stop the eating, stop the debt that is created by running up the tab? well, it seems easy enough but of course it gets messy and the politics are different than the principles involved. the house republicans seem to have finally figured that ou
that of course is bumping against and going through the debt ceiling. you know, when the president had his press conference discussing this i always like a good food analogy. his analogy was of course by not raising the debt ceiling we're not paying for the food we've eaten. basically at this big dinner we're at. i like it. let me give it a little slant my style. that is, it's not really a restaurant but an all you can eat buffet. there is no bill coming. the senate and house haven't passed a...
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Jan 20, 2013
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ceiling is one they don't want to fight over, and it's a bad result politically and economically for the country, and the sequestration, and they can tie some of the efforts to force the president's hand to cut spending to the other fights. >> the gop proposal that just came out calls for the house and senate to have some type of budget by mid april but doesn't include spending cuts, so can we view it as a concession on the republican's side. >> they don't want to get the blame for a potential default and what that would mean for the economy, and they would rather fight on things like shutting the governor down or automatic spending cuts going into effect, and they think that forces the president to negotiate. >> on "meet the press" this morning, what do you have? >> we will talk about the big issues dominate, the guns and debt, and senator schumer, and we have a political roundtable as we tee up the big things facing the president. >>> let's check in with chuck. >> beautiful weather outside early on your sunday morning. a cloudless sky over washington and the early morning rays of s
ceiling is one they don't want to fight over, and it's a bad result politically and economically for the country, and the sequestration, and they can tie some of the efforts to force the president's hand to cut spending to the other fights. >> the gop proposal that just came out calls for the house and senate to have some type of budget by mid april but doesn't include spending cuts, so can we view it as a concession on the republican's side. >> they don't want to get the blame for...
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ceiling debate go out? john boehner promised he will not bring a bill to the floor that does not have a majority of support of republicans. >> i'm not aware of that per se, i would refer you to his office. >> congressman, thank you. >> you're welcome. >>> still ahead, coca-cola says they are trying to fight obesity with a new ad they've released. is it thinking ahead about their own industry? a panel will talk about that straight ahead. you're watching "starting point," back in a moment. with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. i had[ designer ]eeling enough of just covering upewards credit card. my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [
ceiling debate go out? john boehner promised he will not bring a bill to the floor that does not have a majority of support of republicans. >> i'm not aware of that per se, i would refer you to his office. >> congressman, thank you. >> you're welcome. >>> still ahead, coca-cola says they are trying to fight obesity with a new ad they've released. is it thinking ahead about their own industry? a panel will talk about that straight ahead. you're watching "starting...
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. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri
. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether...
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Jan 21, 2013
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debt ceiling, entitlement reform, et cetera, et cetera. right and left, republicans and democrats are diametrically opposed with their orthodoxy. democrats more moderate with republicans on certain things. republicans are more send activity that work with democrats. in the wake of the 2012 election as we look forward what is happening with the president's second term there are historical realities. the country is system of two parties and they compete hard. they compete hard for their agendas and it is not going to be an easy year. a second term is difficult one. the first year of four is really the best, some say only opportunity to pass legislation effectively. after the second year of a second term, on comes the midterm, 2014 will be a very, very important time which will determine by who is ted anated aho wi, what the republican and democratic presidential candidates look like in the back of president obama's second term and who his successor will be. something that has not happened in many years, not at all inconceivable. everyone rec
debt ceiling, entitlement reform, et cetera, et cetera. right and left, republicans and democrats are diametrically opposed with their orthodoxy. democrats more moderate with republicans on certain things. republicans are more send activity that work with democrats. in the wake of the 2012 election as we look forward what is happening with the president's second term there are historical realities. the country is system of two parties and they compete hard. they compete hard for their agendas...
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Jan 15, 2013
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he brought up the emancipation proclamation, and he compared the debt ceiling to that. are you considering this? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a dead beat nation. so there is a very simple solution to all of this. congress authorizes us to pay our bills. now, if the house and senate want to give me authority so they do not have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i am happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i am happy to accept that, but they want to keep the responsibility, they need to go ahead and get it done. there are no magic tricks. there are no loopholes. there are no easy out. this is a matter of congress authorizes spending. they tell me you need to fund the defense department as such and such level. you need to send out social security checks. you need to make sure you are paying to care for the veterans. they lay all of this out for me. because they ha
he brought up the emancipation proclamation, and he compared the debt ceiling to that. are you considering this? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a dead beat nation. so there is a very simple solution to all of this. congress authorizes us to pay our bills. now, if the house and senate want to give me authority so they do not have to take these tough votes, if they want to put the responsibility on me to raise the...